Commodity Prices

Gold •824 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,717.40	-6.30	-0.37%
WTI Crude •11 mins	89.89	+0.46	+0.51%
Gasoline •14 mins	3.242	-0.004	-0.13%
Ethanol •824 days	2.161	+0.000	+0.00%
Silver •824 days	30.82	+1.16	+3.92%

Silver • 824 days	30.82	+1.16	+3.92%
Copper • 824 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.89	+0.57	+0.57%
Natural Gas • 11 mins	3.075	+0.009	+0.29%
Heating Oil • 12 mins	4.537	-0.008	-0.18%

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EUR/USD - Choppy Holiday Trading

By - Dec 23, 2014, 6:08 AM CST

EUR/USD has declined further below support at 1.2247 to 1.2217(yearly new low). Resistance for a temporary recovery bounce can be found at 1.2273 (20.12.2014 old recovery high) and 1.2375 (previous support) and 1.2423 (19/12/2014 high, see also the 50% retracement).

In the longer term, EUR/USD is in a downtrend since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) calls for a decline towards the strong support at 1.2043 (24/07/2012 low). As a result, the recent low at 1.2247 is expected to be eventually broken. A key resistance stands at 1.2600 (19/11/2014 high).

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